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View Poll Results: Are you usually able to "get your money back"? | |||
Yes. I just make sure to buy the high demand models, and always buy used. | 51 | 37.78% | |
No, as a private seller buying from watch dealers, you'll always end up losing some. | 84 | 62.22% | |
Voters: 135. You may not vote on this poll |
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4 January 2020, 02:11 AM | #61 | |
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Real Name: Brett
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Quote:
__________________
Morality does not derive from consensus. It only comes from one place. Pride goes before destruction, and haughtiness before a fall. Often times unbelief is disguised as wisdom Instagram - patton250 |
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4 January 2020, 02:12 AM | #62 |
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But I did say "or a profitable return" which would be the same as making money and therefore an investment. I think you actually agree with everything I said.
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4 January 2020, 02:15 AM | #63 |
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Real Name: Yuri
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I dont buy with the intention to sell, I buy because I like the watch and will most likely keep it. I have a hard time parting with my watches any way
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4 January 2020, 02:17 AM | #64 |
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Yes it would but that’s not the OP’s intention. It’s a bonus but not the reason.
__________________
Morality does not derive from consensus. It only comes from one place. Pride goes before destruction, and haughtiness before a fall. Often times unbelief is disguised as wisdom Instagram - patton250 |
4 January 2020, 02:19 AM | #65 |
Banned
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Real Name: Kevin
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Watch: 116503
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Buy high, sell low, is my motto!
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4 January 2020, 02:23 AM | #66 |
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Real Name: Matt
Location: UK
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So far my Rolexes have (at least on paper) provided far better returns than my S&P500 ETF investment
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4 January 2020, 02:54 AM | #67 |
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Yes, indeed. My reply was not meant as a critique on his post. It’s a valid topic/question, and I was just sharing my thoughts on the “investment” aspect. I don’t think he’s said anything wrong at all. Talk of resale value brings out a lot of heat on the forums but it isn’t warrantee in this case. |
4 January 2020, 02:56 AM | #68 | |
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Real Name: Brian
Location: Northern Virginia
Watch: One of Not Many
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Quote:
These 12 Stocks Turned $10,000 To $257,833 In 12 Months https://www.investors.com/etfs-and-f...-in-12-months/
__________________
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4 January 2020, 03:00 AM | #69 | |
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Quote:
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4 January 2020, 03:06 AM | #70 |
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Why is there no "Who Cares?" category.
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4 January 2020, 03:07 AM | #71 |
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Not correct.
What was the opportunity cost of those funds? These 12 Stocks Turned $10,000 To $257,833 In 12 Months https://www.investors.com/etfs-and-f...-in-12-months/
__________________
Vacheron Constantin Traditionnelle Complete Calendar, Glashutte PanoInverse, Glashutte SeaQ Panorama Date, Omega Aqua Terra 150, Omega CK 859, Omega Speedmaster 3861 Moonwatch, Glashutte Senator Exellence, Rolex 116710 GMT Master II BLNR, Breitling Superocean Steelfish, JLC Atmos Transparent |
4 January 2020, 03:12 AM | #72 |
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To me, value retention is a bonus of Rolex, and not even a tertiary reason for me my interest in the watches. I honestly just love the watches.
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4 January 2020, 03:32 AM | #73 | |
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Join Date: Dec 2017
Real Name: Matt
Location: UK
Posts: 1,230
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Are you actually "getting your money back"?
Quote:
Yeah even my Dad sent me a message the other day about an article saying the S&P increased by 29% this year (he’s the one who told me to start investing instead of blowing it all on hookers). I only started in this ETF in September and all I can tell you is I’ve made like £5 off £2.5K lol (sure this is peanuts but just testing the water). Typically the day I put money in it started going down. Much like when I bought bitcoin :( I’m in it for the long haul though and not looking to make a quick buck so all good :) Edit: presumably your links are about the best performing stocks rather than just tracking the market? Sure but I doubt anyone picked all the best performing stocks. That’s like picking the winning lottery numbers or buying all the Paul Newman Daytona’s back when the cost a few hundred dollars and then waiting until 2019 to sell them all for hundreds of thousands! |
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4 January 2020, 03:34 AM | #74 | |
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Real Name: Kevin
Location: USA
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Quote:
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4 January 2020, 03:36 AM | #75 | |
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Quote:
It's an interesting discussion since we spend money on jewelry for our wives and girlfriends, kissing it goodbye and only hoping it's appreciated by the recipient. But, with watches, we seem to endlessly discuss the economics of our purchases. |
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4 January 2020, 03:38 AM | #76 |
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Value retention was one of the reasons I bought a Rolex even if I have no real intention of ever selling it. But that is not unusual. I think about value retention with a lot of big purchases. My realtor always said, "You want the house everyone else wants."
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4 January 2020, 03:38 AM | #77 | |
Banned
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Real Name: Kevin
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Watch: 116503
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Quote:
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4 January 2020, 03:40 AM | #78 |
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Real Name: Matt
Location: UK
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4 January 2020, 03:42 AM | #79 | |
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Quote:
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4 January 2020, 03:42 AM | #80 | |
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Real Name: Brian
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Quote:
The point is that there is an opportunity cost to money as a commodity. Nothing is free, including the time to use money to make more money. When these questions surface every few hours, the answer is always, "when do you plan to sell"? Unless (and usually never does) a person has an answer to this question, it is just a facade. Otherwise "value retention" is just rationalization for placing money into a non-performing asset with the "hope" that you might get it back someday. Hope has never been a viable investment strategy. Good luck.
__________________
Vacheron Constantin Traditionnelle Complete Calendar, Glashutte PanoInverse, Glashutte SeaQ Panorama Date, Omega Aqua Terra 150, Omega CK 859, Omega Speedmaster 3861 Moonwatch, Glashutte Senator Exellence, Rolex 116710 GMT Master II BLNR, Breitling Superocean Steelfish, JLC Atmos Transparent |
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4 January 2020, 03:44 AM | #81 |
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Much like deciding what piece of jewelry to buy, you need to do your homework.
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Vacheron Constantin Traditionnelle Complete Calendar, Glashutte PanoInverse, Glashutte SeaQ Panorama Date, Omega Aqua Terra 150, Omega CK 859, Omega Speedmaster 3861 Moonwatch, Glashutte Senator Exellence, Rolex 116710 GMT Master II BLNR, Breitling Superocean Steelfish, JLC Atmos Transparent |
4 January 2020, 03:46 AM | #82 |
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4 January 2020, 03:47 AM | #83 |
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In the last 15 or so years of collecting I would anticipate losing a little money buying new at discount, wearing for a few years and flipping. Average was probably 10-15%. Just figured that was the true cost of ownership and the value was MUCH better than when I was into expensive cars.
However, thanks to boom in secondary prices in recent years I would be up in total. Not near what I would have gotten from a real investment but actually made for one of my cheapest hobbies (compared to cars and racing). |
4 January 2020, 03:56 AM | #84 |
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You will lose if you sell the a dealer (most likely depending on the model). Otherwise private sale through a forum like this one in my experience I've broken even or made money.
1) Purchased a NOS white dial milguass from my local AD in 2018. Wore it for a year and sold it for the same price I purchased it for. 2) Bought a 14060 in 2017. Sold it last month for a $1200 profit. That said, I've lost plenty on buying, enjoying, then selling (mordern) Omega, Tudor, and Breitling. Buy what you like. Wear what you like. Words to live by. Sent from my SM-G975U using Tapatalk |
4 January 2020, 03:58 AM | #85 | |
2024 Pledge Member
Join Date: Oct 2015
Real Name: Brett
Location: Florida
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Quote:
__________________
Morality does not derive from consensus. It only comes from one place. Pride goes before destruction, and haughtiness before a fall. Often times unbelief is disguised as wisdom Instagram - patton250 |
|
4 January 2020, 05:48 AM | #86 |
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Real Name: Vincent
Location: Pittsburgh, PA
Watch: Rolex Seadweller50
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Most of the times that I have sold watches I have later regretted it. I usually would sell a watch to buy something new. I have sold a few for less than I paid but for the most part not so much. I made money selling other brands than Rolex as well. Sinn EZM1, Anniversary model Omega Seamaster, Omega Ploprof, and a couple of others were a few that came out ahead. I owned them long enough that they were either discontinued, were limited editions or went up significantly in price. The best ones are Rolex models that are popular and had short production runs.
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4 January 2020, 06:26 AM | #87 | |
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Posts: 447
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Quote:
He makes a good point, why be mortal? Let’s all be immortal and enjoy the watch buying habits of the super rich! Just bow and praise my lord baphomet...enjoy eternal life by drinking his life blood... |
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4 January 2020, 06:28 AM | #88 |
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I purchased an 116505/champagne dial in 2010 for £15K at a good discount.
Sold in 2018 to watch/finder for £16.4K. Its the only Rolex I've ever sold and have regretted selling it ever since. |
4 January 2020, 01:41 PM | #89 |
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18 January 2020, 10:24 AM | #90 | |
Banned
Join Date: Nov 2017
Real Name: Jesus
Location: Texas
Watch: 116234
Posts: 8,721
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Quote:
Yeah but I’m 2007 nobody knew that Amazon was going to blow up so much. I understand, watches are not investments, but saying investing in amazon is smarter AFTER we all saw it grow isn’t telling us much. Tell us what to invest in now that you know will grow for sure and then we’ll compare a watch to that investment. |
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